Trade Reform in the CEMAC: Developments and Opportunities

By Charalambos G Tsangarides, Jan Kees Martijn

June 1, 2007

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Charalambos G Tsangarides, and Jan Kees Martijn. Trade Reform in the CEMAC: Developments and Opportunities, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper provides an update on the main elements of the reform agenda concerning the CEMAC trade regime as well as a tentative quantitative assessment of selected effects on tariff revenues and trade patterns. Notwithstanding data limitations, the key messages from the analysis are as follows. First, there is a need for a renewed political commitment to regional integration. In addition, key measures for improving compliance with the requirements for a customs union need to be introduced, including limiting tariff exemptions, phasing out remaining surcharges, strengthening the determination of products' country origin, and enhancing customs administration. There is also a need to improve transportation infrastructure and organization. Finally, there is a strong case for tariff reduction, with or without an EPA. Trade liberalization would help boost economic growth and poverty alleviation and limit risks of trade diversion with an EPA. Tariff reform should be complemented by improvements in domestic revenue mobilization.

Subject: Exports, Imports, Tariffs, Trade liberalization, Trade policy

Keywords: CEMAC country, CEMAC import tariff, Marketing CEMAC export, Member country, Trade regime, WP

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2007/137
Stock No:

WPIEA2007137
ISBN:

9781451867015
ISSN:

1018-5941

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